Alphabet buoyed by current support - Analysis - 10-06-2019

Alphabet's stock rose 2.08% in the last session after the support of 1045.49 held its ground, representing the ratio 76.4% of Fibonacci retracement levels for an ascending wave in the short term, while venting off oversold saturation in the RSI, countered by negative pressure from the 50-day SMA. 

Therefore we expect more gains for the stock as long as the support of 1045.49 holds on, retesting the resistance of 1092.38, representing the ratio 61.8% of the same retracement levels. 

Expected trend for today: Bullish